India signs agreements with China to reduce trade deficit
Sachin Manawaria | @TheDollarBiz India has signed MoU (Memorandum of Understandings (MoUs) worth over $2.46 billion with China at a conference jointly organised by Federation of Indian Chambers of Commerce and Industry (FICCI) and China’s Zhejiang Federation of Industry and Commerce. The MoUs include a $1.5 billion deal between Kunlun Chuangyuan Investment Co Ltd and Kiri Infrastructure Pvt Ltd for the India International Trade Centre in Gujarat project and a $500 million Solar project Co-investment between SunEdison Energy India Pvt Ltd and CHINT Solar (Zhejiang) Co Ltd. Source - Ministry of Commerce, India Amitabh Kant, Secretary (DIPP), India’s Ministry of Commerce and Industry, said, “There is a need for the dynamic entrepreneurs of India and China to collaborate and deepen the business ...
